2023-09-13T10:10:50-07:00 2022-12-31 410746749 CliftonLarsonAllen LLP 220 S 6th Street Suite 300 Minneapolis MN 55402 990 2022-01-01 410726167 AMERICAN ACADEMY OF NEUROLOGY INSTITUTE AMER 8008791960 201 Chicago Avenue Minneapolis MN 55415 Kevin Myren CFO 6129286023 2023-09-13 1 1 Sarah Reichling P01587996 6123973066 2023-09-13 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Mary Post 201 Chicago Avenue Minneapolis MN 55415 63661283 0 X www.aan.com X 1948 MN The American Academy of Neurology Institute (AANI) provides top-tier education and scientific programming to its members and the broader medical community. The Academy is dedicated to the concept of lifelong learning and providing education opportunities that respond to members' needs over the course of their careers. The American Academy of Neurology is the world's largest association of neurologists and neuroscience professionals, with over 40,000 members. The AAN is dedicated to promoting the highest quality patient-centered neurologic care. A neurologist is a doctor with specialized training in diagnosing, treating, and managing disorders of the brain and nervous system such as Alzheimer's disease, stroke, migraine, multiple sclerosis, concussion, Parkinson's disease, and epilepsy. 20 17 0 2252 0 0 8068030 13731823 16104030 20998312 23091543 210395 2600991 2910696 49864594 37851226 5249552 8502956 0 0 8062128 9233863 0 0 0 9552249 19156617 22863929 36893436 27000665 957790 131139470 117257133 35358779 33019427 95780691 84237706 The mission of the corporation is to promote the highest quality patient-centered neurologic care. 0 0 25208011 8299405 13492615 Annual Meeting and Regional Conferences: As the AANI continued to respond to the disruptions caused by the pandemic, the Academy continued to offer a variety of continuing education programs virtually and via online learning. To help accommodate member needs, the 2022 Annual Meeting was a hybrid experience, with a six-day in-person meeting in Seattle and a three-day all-virtual counterpart offered three weeks later. Given the success of Annual Meeting On Demand, on-demand content was made available for all conferences, allowing the AANI to reach learners on a global level as well as providing continued access to meeting content throughout the year. The value of these on-demand offerings has been appreciated by the members and supports the mission of the Academy. A new hybrid Summer Conference focused on Autoimmune Neurology and Neurology Year in Review was presented to attendees in person and online. The hybrid Fall Conference included pre-conferences for advanced practice providers and people interested in sports concussion. All events were well attended. The inaugural AAN Brain Health Summit was held on September 15 in Washington, DC, convening together leading experts, key public and private sector stakeholders, and policy makers in the United States to shape the future of care, discuss brain health over the lifespan, and outline research, education, and advocacy needs. In conjunction with the summit, the AAN worked with US Representatives Earl Blumenauer (D-OR) and Morgan Griffith (R-VA) to introduce a resolution to designate September 15, 2022, as "National Brain Health Day." According to the resolution, the purpose of National Brain Health Day is to increase public awareness of brain health and support efforts to study and develop better treatments to improve brain health. 4374698 126309 0 Clinical Practice and Guidelines: The Centers for Medicare & Medicaid Services (CMS) continued to approve the Axon Registry(R) as a qualified clinical data registry. This designation opens the door for Academy members looking for a better way to submit quality data to CMS for the Merit-based Incentive Payment System (MIPS). The Axon Registry also is approved by the American Board of Psychiatry and Neurology (ABPN) as a Continuing Certification Part IV Improvement in Medical Practice Clinical Module activity, and participation in the Axon Registry waives up to eight hours of Part II Self-assessment. The AANI continues to address areas of controversy and importance in its evidence-based guidelines program. There are currently 11 active projects at various stages of development, and the AANI is participating in several collaborations with our neurology partners for subspecialty-related guidelines. To help members provide optimal care for their patients, the Academy published two guidelines during the year: "Stroke Prevention in Symptomatic Large Artery Intracranial Atherosclerosis-Practice Advisory" - "Aducanumab Use in Symptomatic Alzheimer's Disease-Evidence in Focus." Work started on the management of functional seizures guideline, and protocol was posted for public comment. 3151106 0 1072568 Continuing Medical Education Programs: The AAN continued work on the AAN Education Vision, providing education tools and resources that are easy to find, easy to use, and specific to each member. The Academy started its reaccreditation cycle with the Accreditation Council for Continuing Medical Education. NeuroPanels, a free, case-based webinar series with top-notch experts on each topic, was successfully piloted and will continue in 2023. NeuroSAE(R) transformed its format from semi-annual release of 100 questions to monthly release of 25 questions to meet members' microlearning needs. By the end of the year, there were 100 videos in the NeuroBytes library, and the success of the NeuroBytes: Medical Student Series pilot resulted in regular releases. 0 0 0 32733815 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 265 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 17 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 MN X X X Kevin C Myren 6129286100 201 Chicago Avenue Minneapolis MN 55415 Mary E Post Chief Executive Director 9 47 X 0 663276 54676 Christine Phelps Deputy Executive Director, AANI 0 0 X 0 426043 38617 Jason Kopinski Deputy Executive Director/Chief Operating Officer 11 34 X 0 397998 54676 John Hutchins General Counsel 8 41 X 0 322386 54456 Kevin Myren Chief Financial Officer 8 40 X 0 314004 35846 Sukhjeet Ahuja Chief Health Policy Officer 22 22 X 0 275731 49595 Orly Avitzur MD MBA FAAN Chair 10 10 X X 0 264463 0 Kelly Ricker Chief Learning Officer 40 6 X 0 188406 18375 Carlayne E Jackson MD FAAN Chair Elect 5 5 X X 0 81150 0 James C Stevens MD FAAN Immediate Past Chair 2 2 X 1100 30000 0 Janis Miyasaki MD MeD FAAN Vice Chair 1 1 X X 0 23190 0 Bruce Ovbiagele MD MSc MAS MBA Director 1 1 X 3350 0 0 Joseph I Sirven MD FAAN Director 1 0 X 1850 0 0 Brenda Banwell MD FAAN Director 1 1 X 1650 0 0 Sarah M Benish MD FAAN Director 1 1 X 850 0 0 Wayne E Anderson DO FAHS FAAN Director 1 1 X 0 0 0 Charles C Flippen II MD FAAN Director 1 1 X 0 0 0 Charlene Gamaldo MD FAAN Director 1 1 X 0 0 0 James N Goldenberg MD FAAN Director 1 1 X 0 0 0 Larry B Goldstein MD FAHA FAAN Director 1 1 X 0 0 0 Lily Jung Henson MD MMM FAAN Director 1 1 X 0 0 0 Jonathan P Hosey MD FAAN Secretary/Treasurer 1 0 X X 0 0 0 Lyell K Jones Jr MD FAAN Director 1 0 X 0 0 0 Shannon M Kilgore MD FAAN Director 1 1 X 0 0 0 Brett M Kissela MD MS FAAN Director 1 1 X 0 0 0 Jose G Merino MD MPhil FAHA FAAN Director 1 1 X 0 0 0 Natalia Rost MD MPH FAHA FAAN Director 1 0 X 0 0 0 8800 2986647 306241 21 1 1 0 American Academy of Neurology 201 Chicago Avenue Minneapolis MN 55415 Services of Shared Employees 3564436 Encore Group (USA) LLC 23918 Network Pl Chicago IL 606731239 Audio Visual Services and Equipment for Conferences 2759493 Washington State Convention Center PFD 705 Pike St Seattle WA 98101 Food & Beverage and Convention Services 1913344 Freeman Decorating Co PO Box 650036 Dallas TX 752650036 Decorating Services 728294 Kenes International Organizers of Congress Ltd 26 Harokmim St Bldg D POB 11 Holon IC 5885849 2021 Virtual Annual Meeting Platform 356759 16 0 0 0 755521 0 12976302 0 13731823 Conference/Educational Fees 541990 12969343 12969343 0 0 Products/Publications 511120 4764239 4764239 0 0 Management/Access Fee 561000 1574730 1574730 0 0 Dues 541900 1690000 1690000 0 0 0 0 0 0 20998312 1321499 0 0 1321499 0 0 0 0 2310592 0 0 2310592 0 0 24698953 0 25810057 0 -1111104 0 -1111104 0 0 -1111104 0 96000 0 96000 96000 0 0 Miscellaneous Revenue 900099 504104 504104 0 0 0 0 0 0 504104 37851226 21598416 0 2520987 7932256 7932256 97200 97200 473500 473500 8800 8800 7061579 6403427 658152 0 623852 565708 58144 0 1023812 928391 95421 0 515820 467745 48075 0 3564442 3233826 330616 44476 21000 23476 25119 25119 71652 71652 2439844 1747414 692430 194789 194789 1432613 1010079 422534 1158771 1158771 1229675 1228105 1570 7795048 7795048 695763 122302 573461 108965 108965 Dues and Subscriptions 29360 29160 200 0 Stipends / Honoraria 474225 474225 0 0 -108125 -108125 36893436 32733815 4159621 0 2712235 4878183 10514566 4766951 1415776 3363223 2005 2265268 0 0 0 0 0 0 349920 724486 21629164 7954069 14370858 13675095 95301734 84759183 6472376 2824744 131139470 117257133 5118106 2992128 5982099 8237897 4258907 4425010 7746675 7008819 12252992 10355573 35358779 33019427 X 95440247 83945375 340444 292331 95780691 84237706 131139470 117257133 957790 -12500775 0 0 0 0 X 0 1 X 1 0 X 7549951 7876010 5870341 8065466 13731823 43093591 0 0 0 0 0 0 0 0 0 0 0 0 7549951 7876010 5870341 8065466 13731823 43093591 7742446 35351145 4090829 4864822 4893865 5020923 2896229 21766668 57875 182100 0 0 0 239975 0 0 0 0 0 0 65100234 1302005 0.54303 0.37525 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37215636 0 -5109281 4500 0 0 32101855 32679787 0 4538349 2500 0 0 37215636 30368770 0 2313517 2500 0 0 32679787 231528 28623885 1516857 3500 0 0 30368770 254378 0 -20350 2500 0 0 231528 0.9914 0.0043 0.0043 0 0 0 661000 661000 0 17202176 4644473 12557703 0 0 0 0 0 3765988 3309596 456392 0 0 0 0 13675095 Funds Held for Others 10355573 10355573 X Schedule D, Part V, Line 4 AANI intends to use the endowment funds for awards and grants. The Quasi-Endowment the board will determine use of draw on annual basis. Schedule D, Part X, Line 2 The Organization follows the provisions of FASB ASC 740-10-25, which requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The Organization does not believe its financial statements include any uncertain tax positions. The Organizations tax returns are subject to review and examination by federal authorities. The tax returns for years 2018 through 2020 are open to examination by federal authorities. 1 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 410500 East Asia and the Pacific 0 0 Grantmaking 51000 Europe (including Iceland and Greenland) 0 0 Grantmaking 11000 South Asia 0 0 Grantmaking 1000 0 0 473500 Europe (including Iceland and Greenland) Educational Grant 10000 Wire North America (including Canada and Mexico, but not the United States) Educational Grant 300000 Check 0 3 Educational Scholarships North America (including Canada and Mexico, but not the United States) 5 104500 Wire Educational Scholarships East Asia and the Pacific 2 51000 Wire Educational Scholarship Europe (including Iceland and Greenland) 1 1000 Wire Educational Scholarship South Asia 1 1000 Wire 0 0 0 0 0 0 Schedule F, Part I, Line 2 Educational grants to organizations and individuals are vetted through an application and review process. Grantees are to report at the end of the grant period as to accomplishments and expenditures. AANI awards acknowledge significant achievements in neurology ranging from clinical research to creative writing. The awards applaud the achievements of neurologists from their high school beginnings to lifetime accomplishments. AANI supports funding for clinical investigators interested in academic careers in clinical research. 1 Mayo Clinic Jacksonville Research Finance Jacksonville PO BOX 860334 Minneapolis MN 554860334 930926631 3000000 Cure One Cure Many Research Grant American Brain Foundation 201 Chicago Avenue Minneapolis MN 55415 411717098 501c3 1250000 Grant Northwestern University ASRSP Cash Management 633 Clark Room G547 Evanston IL 60208 362167817 501c3 450000 Career Development Award Children's Research Institute 801 Roeder Rd 500 Silver Springs MD 20910 521654453 501c3 450000 Career Development Award The Trustees of the University of Pennsylvania 3320 Smith Walk 105A Hayden Hall Philadelphia PA 19104 231352685 501c3 300000 Clinical Research Training Regents of the University of California at Irivine 120 Theory 200 Irvine CA 926971050 962226406 240000 Clinician Scientist Development Award University of Rochester 3910 Keswick Road NO N4327B Rochester NY 146278893 160743209 501c3 150000 Clinical Research Training Brigham & Women's Hosp-Research Bank of America N A PO Box 3149 Boston MA 022413149 042312909 501c3 150000 Clinical Research Training Regents of the University of Michigan 3003 S State Street 1st FL Wolverine Tower Ann Arbor MI 481091279 386006309 501c3 150000 Clinical Research Training The Regents of the University of CA Los Angeles 405 Hilgard Ave PO Box 957089 1125 Murphy Hall Los Angeles CA 900959000 956006143 501c3 150000 Clinical Research Training University of Miami PO BOX 248106 CORAL GABLES FL 331242912 590624458 501c3 150000 Clinical Research Training University of Texas-Houston 6431 Fannin St MSB 7-044 Houston TX 77030 741761309 150000 Clinical Research Training Stanford University Research Process Manager PO Box 44253 San Francisco CA 941444253 941156365 501c3 150000 Clinical Research Training Cedars Sinai Medical Center 8700 Beverly Blvd Los Angeles CA 90048 951644600 501c3 150000 Clinical Research Training University of Colorado Denver PO Box 910238 Denver CO 802910238 846000555 501c3 150000 Clinical Research Training Vanderbilt University Med Ctr Financial Management Dept 1236 PO Box 121236 Dallas TX 753121236 352528741 501c3 150000 Clinical Research Training The Cleveland Clinic Foundation 9500 Euclid Ave Jjn5-01 Cleveland OH 44195 340714585 501c3 150000 Clinical Research Training Research Foundation for Mental Hygiene Inc 150 Broadway Riverview Center Suite 301 Menands NY 12204 141410842 501c3 150000 Clinical Research Training Massachusetts General Hospital PO BOX 3829 BANK OF AMERICA BOSTON MA 02241 042697983 501c3 132256 Clinical Research Training Research Institute at Nationwide Children's Hospit 700 Childrens Dr Columbus OH 43207 316056230 501c3 75000 Clinical Research Training The Regents of the University of California PO Box 48872 Los Angeles CA 900744872 946036493 501c3 70000 Clinical Research Training Johns Hopkins University 399 Revolution Drive NO 645 Somerville MA 02145 520595110 501c3 65000 Clinical Research Training The University of Texas at Austin Office of Sponsored Projects 3925 West Braker Lane Building 156 suite 3-340 Austin TX 78713 746000203 50000 Grant Midwest Neurological PC 1312 Professional Blvd Ste201 Evansville IN 47714 352004432 20000 Grant Penn State Health Department of Neurology 30 Hope Drive Building A Suite 2800 Hershey PA 170330850 473769205 501c3 20000 Grant Minneapolis Clinic of Neurology 4225 Golden Valley Rd Golden Valley MN 55422 410999094 20000 Grant Florida Center for Neurology 1607 Dr Martin Luther King Jr St N St Petersburg FL 33704 263594032 20000 Grant Neurology Center of Fairfax LTD 3020 Hamaker Ct Suite 400 Fairfax VA 22031 541184461 20000 Grant UC Healthcare System University of Cincinnati Physicians Company 3200 Burnet Ave Cincinnati OH 45229 273850988 501c3 20000 Grant Emory University 1599 CLIFTON RD 4TH FL ATLANTA GA 30322 580566256 501c3 10000 Grant Yale University Sponsored Projects Financial Administration PO Box 1873 New Haven CT 065081873 060646973 501c3 10000 Educational Research Grant Children's Hospital Medical Center 3333 BURNET AVE ML 2015 NEUROLOGY CINCINNATI OH 452293039 310833936 501c3 6000 Grant Beth Israel Deaconess Medical Center Inc Attn Research Finance 330 Brookline Ave OV-540 Boston MA 022155491 042103881 501c3 6000 Grant 25 8 Educational Scholarships 65 97200 Schedule I, Part I, Line 2 AANI awards acknowledge significant achievements in neurology ranging from clinical research to creative writing. The awards applaud the achievements of neurologists from their high school beginnings to lifetime accomplishments. AANI supports funding for Clinical Research Training Fellowships offered to neurologist and clinical investigators interested in academic careers in clinical research. 0 0 0 0 0 0 0 0 0 Mary E Post Chief Executive Director 0 515966 0 103415 0 43893 0 32025 0 22651 0 717950 0 96416 Christine Phelps Deputy Executive Director, AANI 0 0 0 50530 0 375513 0 30450 0 8167 0 464660 0 50530 Jason Kopinski Deputy Executive Director/Chief Operating Officer 0 320779 0 59516 0 17705 0 30025 0 22651 0 450676 0 47516 John Hutchins General Counsel 0 269884 0 40836 0 11667 0 29302 0 25154 0 376843 0 33836 Kevin Myren Chief Financial Officer 0 258432 0 44066 0 11507 0 27540 0 8306 0 349851 0 37066 Sukhjeet Ahuja Chief Health Policy Officer 0 240563 0 24147 0 11021 0 26174 0 23421 0 325326 0 17148 Orly Avitzur MD MBA FAAN Chair 0 264463 0 0 0 0 0 0 0 0 0 264463 0 0 Kelly Ricker Chief Learning Officer 0 180340 0 7000 0 1066 0 18375 0 0 0 206781 0 0 Schedule J, Part II The Academy's Board utilizes a Compensation Committee to set the compensation for the CEO; that Committee employs the procedures inquired here and last set of compensation set in 2021. The CEO is charged with setting compensation for the employed Officers and Key Employees and in doing so, compensation surveys are utilized. The Committee reviews comprehensive market studies every 2-3 years and will make market adjustments accordingly. Annual salary adjustments are made as performance warrants. The last market adjustment was made in 2021. Form 990, Part VI, Section A, Line 1a Under the AAN and AAN Institute Bylaws, the Boards of Directors have the power and responsibility to manage all the business and affairs of the Academy. The Boards have the final responsibility and authority for all actions and policies that are recommended or adopted by any and all committees, sections, representatives to professional and governmental organizations, agents, and employees, unless the Board has specifically delegated its authority and that delegation is stated in the Board's minutes. In this context of the Boards' authority, the roles and responsibilities of the Executive Committee, the President and Board Planning Committee are clarified as follows: the Executive Committee is a committee formally established separately by the AAN and AAN Institute bylaws (AAN Article V, Section 8 and AANI Article V, Section 7) to which the Board's power is specifically delegated between meetings of the Board of Directors. The actions of the Executive Committee must be reported to the next meeting of the Board of Directors. The AAN Executive Committee includes the President, President-Elect, Treasurer and at least two other members from the Board of Directors appointed by the President, and the Executive Director, ex officio. The AANI Executive Committee includes the Chair, Chair Elect, Treasurer-Secretary and at least two other members from the Board of Directors appointed by the Chair. Form 990, Part VI, Section A, Line 2 Most Officers and Key Employees of the corporation have a business relationship with filer's Board members and other Officers as all of these individuals concomitantly served as Directors and/or Officers of filer's parent 501(c)(6) organization, American Academy of Neurology (AAN), and these Officers and Key employees are paid by AAN. Form 990, Part VI, Section A, Line 6 American Academy of Neurology 501c6 is the sole voting member of the organization. Form 990, Part VI, Section A, Line 7a The AANI 501c3 board includes the officers and the nine elected directors of the AAN 501c6 as ex officio voting members, in addition to other AANI directors. Form 990, Part VI, Section B, Line 11b The CFO undertook extensive review the draft Form 990 as initially prepared by the Senior Finance Manager. Their review was thereafter augmented by an exempt organizations Tax Professional. The Form 990 was then presented to the Audit Committee by the CFO and other members of the management team. The Audit Committee reviewed the Form 990 and identified any agreed upon changes to be made. In line with Minnesota Law, the final Form 990 was brought to the Board for discussion and approval (as required by state law) at a regularly scheduled meeting. The Form is then filed after this process. Form 990, Part VI, Section B, Line 12c AANI's conflict of interest policy covers individuals serving as an officer, director, committee member, or positions of official responsibility or leadership. All covered individuals are required to complete a relationship disclosure statement annually, or as changes in personal circumstances occur. The statements are reviewed, and actions determined according to the AANI's hierarchy based on position and recommendation of General Counsel; or by the Executive Committee if a resolution cannot be made. Potential conflicts are handled on an individual basis. Actions taken depend on the severity of the conflict which include no action required, on-going monitoring with appropriate disclosure, or withdrawal from the conflicting relationship. Conflict of interest proceedings are documented in meeting minutes or as appropriate. Form 990, Part VI, Section C, Line 18 Form 1023 is not available, organization established in 1948. 990's are available on AAN.com. 990T that are open to public inspection are available upon request. Form 990, Part VI, Section C, Line 19 AANI makes its governing documents, conflict of interest policy, and financial statements available to its parent entity's members on its website AAN.com. American Academy of Neurology same as filer Minneapolis MN 55415 611532062 representing members' interest in advancing neurological sciences MN 501(c)(6) na American Academy of Neurology Institute 1 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 American Academy of Neurology a-iv 1574730 Lease related to leased facilities - FMV via independent determination as set out in resource allocation agreement. American Academy of Neurology c 740521 Pro-rata share of the Employee Retention Credit for leased employees from American Academy of Neurology American Academy of Neurology e 7125000 Loan Guarantee (new facility), AAN required to co-sign (amount shown is balance as of December 31, 2022) American Academy of Neurology j 1574730 Lease related to leased facilities - FMV via independent determination as set out in resource allocation agreement. American Academy of Neurology o 9225064 Sharing of employees. The Parent AAN houses all AANI employees who are co-employed and is reimbursed at fair market value. American Academy of Neurology p 3564436 Finance, HR, IT, Marketing FMV recovered per resource allocation agreement. Form 8860 Application for Extension was filed and accepted by IRS on February 23, 2023. Filing Due November 15, 2023.